Building permits up 13.8 per cent in May: StatsCan
OTTAWA - Statistics Canada says municipalities issued building permits worth $6.9 billion in May, up 13.8 per cent from April.
The agency says the increase in May resulted primarily from higher construction intentions for commercial buildings in Ontario and Manitoba, as well as multi-family dwellings in British Columbia.
It says the total value of permits has been on a slight upward trend since the beginning of 2014.
Gains were posted in every province in May, except Quebec and Nova Scotia, with the largest increases recorded in Ontario, British Columbia and Manitoba.
Construction intentions for residential dwellings rose 9.5 per cent to $4.1 billion in May, the third consecutive monthly increase.
In the non-residential sector, the value of permits rose 20.8 per cent to $2.8 billion
Read more Business News
- RDCO Diesel Spill UpdateKelowna
- Challenge pro field heats upPenticton / S. Okanagan
- Knox, Dilworth parks reopenKelowna
- Underwear run a big hitPenticton / S. Okanagan
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...
Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...